Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Johnson Controls International
JCI
$87.5B
| $60.3M | 0.04% |
763,371
-24,593
| -3% | -$1.97M |
|
202
Chesapeake Utilities
CPK
$3.19B
| $60.1M | 0.04% |
495,178
+12,889
| +3% | +$1.6M |
|
203
Lifestance Health
LFST
$4.02B
| $59.6M | 0.04% |
8,086,380
+5,949,438
| +278% | +$42.7M |
|
204
3M
MMM
$92.3B
| $58.9M | 0.04% |
456,081
-145,291
| -24% | -$19.1M |
|
205
Dorman Products
DORM
$4.01B
| $58.7M | 0.04% |
453,251
-1,601
| -0.4% | -$205K |
|
206
McDonald's
MCD
$195B
| $58.4M | 0.04% |
201,561
-5,221
| -3% | -$1.56M |
|
207
Domino's
DPZ
$11.9B
| $58.4M | 0.04% |
139,131
-75,342
| -35% | -$32.9M |
|
208
Saia
SAIA
$9.28B
| $58.3M | 0.04% |
127,896
+9,435
| +8% | +$4.67M |
|
209
FirstEnergy
FE
$28B
| $57.7M | 0.04% |
1,451,095
-238,450
| -14% | -$9.97M |
|
210
Phathom Pharmaceuticals
PHAT
$715M
| $57.3M | 0.03% |
7,062,507
+1,196,118
| +20% | +$14.8M |
|
211
Ally Financial
ALLY
$13.5B
| $57.1M | 0.03% |
1,586,465
-86,347
| -5% | -$3.14M |
|
212
Trip.com Group
TCOM
$29.5B
| $56.6M | 0.03% |
824,890
-30,480
| -4% | -$2.01M |
|
213
SiTime
SITM
$15.8B
| $55M | 0.03% |
256,426
-1,804
| -0.7% | -$367K |
|
214
Allison Transmission
ALSN
$9.55B
| $54.7M | 0.03% |
506,582
-36,318
| -7% | -$3.97M |
|
215
Delta Air Lines
DAL
$59.9B
| $54.1M | 0.03% |
894,143
+7,364
| +0.8% | +$435K |
|
216
Heritage Financial
HFWA
$1.23B
| $54.1M | 0.03% |
2,206,766
+465,708
| +27% | +$11.3M |
|
217
Essent Group
ESNT
$6.17B
| $53.6M | 0.03% |
984,414
+233,636
| +31% | +$13.6M |
|
218
Camden Property Trust
CPT
$11B
| $53.6M | 0.03% |
461,504
+79,896
| +21% | +$9.57M |
|
219
Insmed
INSM
$21.4B
| $53.4M | 0.03% |
773,813
+4,560
| +0.6% | +$328K |
|
220
Houlihan Lokey
HLI
$8.86B
| $53.4M | 0.03% |
307,304
+237,615
| +341% | +$41.8M |
|
221
Tandem Diabetes Care
TNDM
$1.38B
| $52.8M | 0.03% |
1,466,355
-315,648
| -18% | -$10.7M |
|
222
PepsiCo
PEP
$192B
| $52.3M | 0.03% |
344,250
-700,161
| -67% | -$115M |
|
223
Encompass Health
EHC
$11.1B
| $52.1M | 0.03% |
+564,097
| New | +$55.4M |
|
224
Boot Barn
BOOT
$4.85B
| $51.7M | 0.03% |
340,550
+163,451
| +92% | +$24.1M |
|
225
Hayward Holdings
HAYW
$3.23B
| $51.7M | 0.03% |
3,380,867
+201,116
| +6% | +$3.15M |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.